November unemployment rates fell in every metro for the eighth consecutive month and all are at six- or seven-year lows, according to preliminary data released by the U.S. Bureau of Labor Statistics and the Illinois Department of Employment Security.
Rates also fell in all 102 counties for the fifth time out of six months. Not seasonally adjusted data compare November 2014 with November 2013.
Employers added jobs in six metros. Largest increases: Lake-Kenosha (+2.0 percent, +8,200), Champaign-Urbana (+0.9 percent, +1,000), Danville (+0.7 percent, +200) and Rockford (+0.7 percent, +1,100). Total non-farm jobs in the Chicago-Joliet-Naperville Division rose 0.6 percent or 23,700. Largest decreases: Bloomington-Normal (-1.1 percent, -1,000), Peoria (-0.7 percent, -1,200) and Quad Cities (-0.5 percent, -900). Education and Health Services was the only industry that recorded job growth in the majority of the metros (seven of 12).
“Our local economies continue to grow at a steady, deliberate pace, just as they have throughout the year,” IDES Director Jay Rowell said. “Diverse economies such as Illinois’ move deliberately because we have exposure in multiple sectors. Worker training programs driven by the private sector will lead to a more nimble workforce in a better position to qualify for unfilled job opportunities.”
Not seasonally adjusted data compare the current month with the same month of the previous year. The November 2014 not seasonally adjusted Illinois rate was 6.0 percent and 12.2 percent at its peak in this economic cycle in January 2010. Nationally, the unemployment rate was 5.5 percent in November and 10.6 percent in January 2010 at its peak. The unemployment rate identifies those who are out of work and looking for work and is not tied to collecting unemployment insurance benefits. Historically, the state unemployment rate is higher than the national rate.